A charming, well-established Italian restaurant serving authentic Italian cuisine, in a prime town-centre location. $250,000 on wiwo basis, equipment and fitout only.
Operates out of a tastefully renovated, heritage cottage in close proximity to the main shopping centre and busy town.
There are excellent opportunities for growth, particularly around an expansion of its current trading hours to include additional lunch services.
This business would suit a buyer with experience in hospitality, who is looking for an established and well-regarded business. There is the option of stepping into the current owner's hands-off role or taking on a more active role in the business as an involved owner-operator.
Tuesday to Saturday 5:30 - 9:00pm Sunday 12:00 - 3:00pm
Lease expiry January 2020 1 x 5-year option
12 x Staff members
About the Business
The business occupies a good-sized site that seats approx. 90 patrons across internal and external seating and multiple rooms. The premises are a charming heritage cottage, located in a corner location with ample foot traffic and parking. The restaurant has been located in the same building since inception, ensuring it is well known and a key part of the local community.
Key facts about this business:
- Authentic Italian pasta, risotto and meat and seafood dishes with seasonal offerings - A la carte menu and a set menu for large groups - Fully licensed and BYO - Excellent reputation and popular business that is an integral part of its local community - Lease expiring in 2020 plus an option for an additional 5 years - Profitable business with opportunities to extend opening hours
Established in 2004
For more information on this opportunity, please contact the undersigned:
Allsales Business Sales & Service
T: 1800 858 696 E: firstname.lastname@example.org
For more details go to www.allbizsales.com and complete our online confidentiality agreement. Use the reference ID 20460941 to search for the business.
Disclaimer: Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.